Black Box Casino: How Wall Street's Risky Shadow Banking Crashed Global Finance

Black Box Casino: How Wall Street's Risky Shadow Banking Crashed Global Finance

by Robert Stowe England

Hardcover

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Overview

Black Box Casino: How Wall Street's Risky Shadow Banking Crashed Global Finance by Robert Stowe England

This cautionary tale explains how the murky and complex world of mortgage finance caused a global market meltdown—and offers new insights on how to create a stronger world of banking and mortgage finance.


• Charts and graphs

• A bibliography

Product Details

ISBN-13: 9780313392894
Publisher: ABC-CLIO, Incorporated
Publication date: 09/30/2011
Pages: 250
Product dimensions: 6.20(w) x 9.40(h) x 1.10(d)

About the Author

Robert Stowe England is a journalist and author who has written extensively on mortgage finance, banking, retirement policy, and the financial and economic impact of population aging.

What People are Saying About This

Ed Pinto

"First Reckless Endangerment and now it is Black Box Casino's turn to shine a bright light on the root causes of the mortgage meltdown. England, relying on decades of experience as a financial reporter and consummate research skills, documents how government housing policy, political expediency, and crony capitalism combined to cause the mortgage meltdown that nearly sank the world's economy."

Daniel Henninger

"Mr. England writes on the financial crisis with harrowing precision."

Kenneth Cline

"In clear, readable prose, Robert England sorts through the complexities of the 2007-2008 financial crisis to reveal the individuals, institutions and financial black magic responsible for America's worst economic meltdown since the Great Depression. Drawing upon sources not available to previous writers, England presents the most complete account yet of how the collapse of an obscure subprime mortgage lender in January 2007 could eventually take down some of the greatest names on Wall Street by September 2008, wreaking massive economic destruction that Americans are still struggling with today."

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